VM's News Quiz for the Week of June 6: Another Show Goes Virtual, Eyes in Overdrive and a Special Donation

By Staff
Friday, June 11, 2021 3:30 PM Did you follow the optical news this week? Take VM’s News Quiz to see how much you know. This week's quiz takes a look at another show going virtual, eyes in overdrive and a special donation.

Luxottica and Mazzucchelli Enter into Collaboration for Sustainable Acetate and for Luxottica Investment of 35 Percent of Mazzucchelli Share Capital

By Staff
Friday, June 11, 2021 2:46 PM Luxottica and Mazzucchelli announce a collaboration, GrandVision acquisition clears another hurdle, register for VM’s virtual Summit session, Memorial Day holiday derails optical sales and Expo concludes show in Orlando all topped this week’s VMAIL news feed. Click on the headlines below to catch up on anything you might have missed.

Luxottica and Mazzucchelli Enter into Collaboration for Sustainable Acetate and for Luxottica Investment of 35 Percent of Mazzucchelli Share Capital

By Staff
Friday, June 11, 2021 2:43 PM MILAN and CASTIGLIONE OLONA, Italy—Luxottica and Mazzucchelli announced today a collaboration agreement to develop and produce a highly sustainable type of acetate, accessible to all market players.The agreement provides for the acquisition by Luxottica of a minority stake of around 35 percent of the share capital of Mazzucchelli, in order to further finance the development of the project inside the Mazzucchelli production plants, the announcement said.

Some History For Juneteenth

By Staff
Friday, June 11, 2021 2:08 PM This coming Saturday is Juneteenth, a day that honors the emancipation of enslaved people in the United States. It honors June 19, 1865, when "General Gordon Granger rode into Galveston, Texas, and announced that enslaved people were now free," Mental Floss reports. Head over to Mental Floss to learn more about Juneteenth, including why it happened more than two years after Lincoln signed the Emancipation Proclamation, what happened after and how you can honor the holiday.

Ad Spending Worldwide Set to Notch a ‘Banner Year,’ Forecast Says

By Staff
Friday, June 11, 2021 11:04 AM NEW YORK—For marketing and media company executives, 2021 is shaping up to be a banner year in some ways. According to a recent eMarketer forecast, pent-up demand for traditional advertising – coupled with “exploding growth in e-commerce-related ad spending and social media advertising – the research firm said it expects “a record-setting pace for ad spending growth worldwide this year.”

In addition, eMarketer noted that the trend line for advertising spending going forward also shifted up, “thanks to the unexpected resilience of digital ad spending in 2020.”

The updated eMarketer forecast indicates total media ad spending worldwide will reach almost $748 billion this year, with a growth rate of 15 percent. This is the fastest growth rate since eMarketer began tracking the metric 10 years ago, the firm said.

By the end of 2024, ad spending will close in on the $1 trillion mark. (Note that, for context, the ad-spending total just hit the $500 billion mark in 2016.)

Even traditional ad spending will grow this year, by 7.6 percent, also its fastest growth rate since eMarketer began tracking this metric globally. “The additional $20.6 billion in traditional ad spending will help drive the overall reacceleration, but the main story will remain in the digital realm, as traditional ad spend will never again reach 2019 levels,” eMarketer said.

Digital’s share of worldwide media ad spending will cross the 60 percent threshold this year for the first time and is on track to reach nearly 70 percent by the end of the forecast period in 2025.

Insta-Pick for 6-12-21

By Staff
Friday, June 11, 2021 8:25 AM

Coan Eye Care Tweet for 6-12-21

By Staff
Friday, June 11, 2021 8:15 AM

Drs. Kendall & Wilson Tweet for 6-12-21

By Staff
Friday, June 11, 2021 8:14 AM

WeShareIt 6-12-21

By Staff
Friday, June 11, 2021 8:10 AM This artistic opti-themed print features real gold foil, making it a perfect addition to the office walls. You can pick it up on Etsy here.

EssilorLuxottica’s Bid to Acquire GrandVision Completes Regulatory Approval Process, Awaits Arbitration Outcome

By Staff
Friday, June 11, 2021 12:27 AM SCHIPHOL, The Netherlands and CHARENTON-LE-PONT, France—The proposed acquisition of major international retailer GrandVision by EssilorLuxottica moved closer to completion on Thursday. The companies—GrandVision (Euronext: GVNV) and EssilorLuxottica (Reuters: ESLX.PA)—said in separate statements that the Turkish competition regulator (Rekabet Kurumu) had cleared the transaction and, with this conditional approval, all regulatory approvals for closing of the transaction have been obtained.

National Survey from VSP Vision Care Finds Our Eyes Are in Overdrive

By Staff
Friday, June 11, 2021 12:24 AM RANCHO CORDOVA, Calif.—Eighty percent of Americans say pandemic-prompted screen time put their eyes in "overdrive," according to the results of a new survey commissioned by VSP Vision Care.

Marcolin and Guess Announce Early Renewal of Licensing Agreement Until 2030

By Staff
Friday, June 11, 2021 12:21 AM LONGARONE, Italy—Marcolin and Guess have announced the early renewal of their exclusive licensing agreement for the design, production and worldwide distribution of Guess and Marciano sunglasses and eyeglasses.

If You Know an Influential Woman in Optical Nominate Her Now—Nominations Will Close on Sunday, June 13

By Staff
Friday, June 11, 2021 12:18 AM NEW YORK—Vision Monday will once again be highlighting The Most Influential Women in Optical in our July issue, marking the 19th anniversary of our signature Special Report saluting women in the eyewear/eyecare industry. The deadline for submitting nominations has been extended to 11:59 p.m. on Sunday, June 13. We are currently seeking nominations via an electronic survey form. Women’s influence in optical is undeniable and today, more women than ever before are playing vital roles at all levels of our industry.

SUNY College of Optometry to Host 'Race in Optometry: Accountability - One Year Later' Panel Discussion to be Held on the Occasion of Juneteenth

By Staff
Friday, June 11, 2021 12:18 AM NEW YORK—Last year, the SUNY College of Optometry’s Office of Continuing Professional Education hosted a three-part Webinar Series on Race in Optometry. These webinars took a hard look at the experiences of Black optometrists as students, residents, faculty, and practitioners.

If You Know an Influential Woman in Optical Nominate Her Now—Nominations Will Close on Sunday, June 13

By Staff
Friday, June 11, 2021 12:15 AM NEW YORK—Vision Monday will once again be highlighting The Most Influential Women in Optical in our July issue, marking the 19th anniversary of our signature Special Report saluting women in the eyewear/eyecare industry. The deadline for submitting nominations has been extended to 11:59 p.m. on Sunday, June 13. We are currently seeking nominations via an electronic survey form. Women’s influence in optical is undeniable and today, more women than ever before are playing vital roles at all levels of our industry.